True, I just kick myself in the butt at times for not investing in precious metals when they cost less. I remember when silver was $6-$7/oz and now it is over $12/oz. and when gold was less than $400/oz and it is now around $600 or more an oz..

Well -- I remember in the late '80's when I leveraged everything I had into silver on the Chicago market at $11 and watched it go to $7. My friend, it's never an easy call.

Originally Posted by sniper69

I wonder though if the pre-1964 90% silver coins are a good way to go for those that can't afford others. I had a buddy of mine offer to sell or trade me a bunch of peace and morgan dollars. But he is holding on to them for the time being.

There's a well established market on those. Friday's Wall Street is in the bottom of the can but I'll check tomorrow -- I think they're quoted.

Edit -- Quick look shows a little over 9 times face.

There is no nonsense so errant that it cannot be made the creed of the vast majority by adequate governmental action. -- Bertrand Russell

"Never attribute to malice that which can be adequately explained by stupidity."Robert J. Hanlon

I think what you are seeing there is the dollar going into the crapper, a situation that will only contine with our trade deficit and the FEDs unwillingness to raise interest rates because they are scared it will cause the housing market to further deflate as all those ARM loans reset. so one way to hedge against a weak dollar is silver or gold.

agreed!

"To show you how radical I am, I want carjackers dead. I want rapists dead. I want burglars dead. I want child molesters dead. I want the bad guys dead. No court case. No parole. No early release. I want 'em dead. Get a gun and when they attack you, shoot 'em."
Ted Nugent - speaking at the NRA convention April 17, 2005

Yeah, I find it freakin scary that the Chicom government could just stop buying/and or dumping and most likely cause a financial meltdown of the US Govt. within a week.
Someone said last week that China is to the U.S right now financially, what the U.S. was to Great Britian in the 1930s and 1940s.